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Articles 301 - 330 of 533
Full-Text Articles in Economics
The Conception Of The Socially Embedded Individual, John B. Davis
The Conception Of The Socially Embedded Individual, John B. Davis
Economics Faculty Research and Publications
No abstract provided.
Heterodox Economics, The Fragmentation Of The Mainstream, And Embedded Individual Analysis, John B. Davis
Heterodox Economics, The Fragmentation Of The Mainstream, And Embedded Individual Analysis, John B. Davis
Economics Faculty Research and Publications
No abstract provided.
Complex Individuals: The Individual In Non-Euclidian Space, John B. Davis
Complex Individuals: The Individual In Non-Euclidian Space, John B. Davis
Economics Faculty Research and Publications
No abstract provided.
(Wp 2007-03) Trade Openness, Capital Mobility, And The Sacrifice Ratio, Joseph P. Daniels, David D. Vanhoose
(Wp 2007-03) Trade Openness, Capital Mobility, And The Sacrifice Ratio, Joseph P. Daniels, David D. Vanhoose
Economics Working Papers
This paper develops and evaluates empirically the implications of a theoretical model of an open economy in which variations in both trade openness and capital mobility can influence the sacrifice ratio. Key predictions forthcoming from the model are that both forms of globalization can independently affect the capital ratio, once the influences of the level of central bank independence and the degree of wage stickiness in nations‘ economies are taken into account. Examination of cross-country data encompassing 58 disinflations for 16 countries yields evidence consistent with these essential predictions of the theoretical framework.
Capping The Mortgage Interest Deduction, John E. Anderson, Jeffrey Clemens, Andrew R. Hanson
Capping The Mortgage Interest Deduction, John E. Anderson, Jeffrey Clemens, Andrew R. Hanson
Economics Faculty Research and Publications
In this paper we examine the economic implications of several policy options for capping the mortgage interest deduction (MID). We extend the standard user–cost model of owner–occupied housing to include a cap on the mortgage size receiving tax–favored status. Our user–cost estimates for taxpayers with mortgages above the current–law cap are 4.41 percent higher than estimates from a model without the cap. We simulate the share of mortgage dollars that would be subject to three alternative cap policy variants and summarize the distributional impacts of each proposal, computing the share of mortgage dollars impacted across U.S. Metropolitan Areas.
Why Is Economics Not Yet A Pluralistic Science?, John B. Davis
Why Is Economics Not Yet A Pluralistic Science?, John B. Davis
Economics Faculty Research and Publications
No abstract provided.
The Individual In Mainstream Health Economics: A Case Of Persona Non-Grata?, John B. Davis, Robert Mcmaster
The Individual In Mainstream Health Economics: A Case Of Persona Non-Grata?, John B. Davis, Robert Mcmaster
Economics Faculty Research and Publications
This paper is motivated by Davis’ [14] theory of the individual in economics. Davis’ analysis is applied to health economics, where the individual is conceived as a utility maximiser, although capable of regarding others’ welfare through interdependent utility functions. Nonetheless, this provides a restrictive and flawed account, engendering a narrow and abstract conception of care grounded in Paretian value and Cartesian analytical frames. Instead, a richer account of the socially embedded individual is advocated, which employs collective intentionality analysis. This provides a sound foundation for research into an approach to health policy that promotes health as a basic human right.
The Turn In Economics And The Turn In Economic Methodology, John B. Davis
The Turn In Economics And The Turn In Economic Methodology, John B. Davis
Economics Faculty Research and Publications
No abstract provided.
Does Financial Openness Promote Economic Integration?, Fabrizio Carmignani, Abdur Chowdhury
Does Financial Openness Promote Economic Integration?, Fabrizio Carmignani, Abdur Chowdhury
Economics Faculty Research and Publications
We estimate the effect of financial openness on economic integration for two clusters of countries: the formerly planned economies of Eastern Europe and central Asia (emerging market economies) and some western advanced economies. We focus on two dimensions of economic integration: convergence of per-capita incomes across countries and trade integration. We employ both single equation estimation and system estimation to account for endogenous links between trade integration and income convergence. Results show that in the cluster of emerging market economies, financial openness is a powerful instrument of economic integration. In the group of advanced economies, financial openness effectively facilitates income …
Review Of Economic Theory And Cognitive Science By Don Ross, John B. Davis
Review Of Economic Theory And Cognitive Science By Don Ross, John B. Davis
Economics Faculty Research and Publications
No abstract provided.
Postmodernism And The Individual As A Process: Comment On Ruccio And Amariglio, John B. Davis
Postmodernism And The Individual As A Process: Comment On Ruccio And Amariglio, John B. Davis
Economics Faculty Research and Publications
No abstract provided.
Akerlof And Kranton On Identity In Economics: Inverting The Analysis, John B. Davis
Akerlof And Kranton On Identity In Economics: Inverting The Analysis, John B. Davis
Economics Faculty Research and Publications
The concept of identity was introduced into the neoclassical utility maximising framework by Akerlof and Kranton in an analysis which draws directly from social psychology's social identity approach and self-categorisation theory. This paper examines their analysis, and compares the social identity approach and an alternative social psychology identity framework called the sociological approach to identity. Using this comparison, the paper argues that their treating identity as an argument in the utility function leaves unaddressed how individuals' different social identities are related. The paper suggests a framework for addressing this issue by embedding their utility function in a personal identity objective …
(Wp 2007-01) Openness, Income-Tax Progressivity, And Inflation, Joseph P. Daniels, David D. Vanhoose
(Wp 2007-01) Openness, Income-Tax Progressivity, And Inflation, Joseph P. Daniels, David D. Vanhoose
Economics Working Papers
This paper considers a model of an open economy in which the degree of income-tax progressivity influences the interaction among openness, central bank independence, and the inflation rate. Our model suggests that an increase in the progressivity of the tax system induces a smaller response in real output to a change in the price level. This implies that increased income-tax progressivity reduces the equilibrium inflation rate and that the effect of increased income-tax progressivity on inflation is smaller when the central bank places a higher weight on inflation or when there is greater openness. Examination of cross-country inflation data provides …
(Wp 2007-02) Valuing Environmental Quality: A Space-Based Strategy, John I. Carruthers, David E. Clark
(Wp 2007-02) Valuing Environmental Quality: A Space-Based Strategy, John I. Carruthers, David E. Clark
Economics Working Papers
This paper develops and applies a space-based strategy for overcoming the general problem of getting at the demand for non-market goods. It focuses specifically on evaluating one form of environmental quality, distance from EPA designated environmental hazards, via the single-family housing market in the Puget Sound region of Washington State. A spatial two stage hedonic price analysis is used to: (1) estimate the marginal implicit price of distance from air release sites, hazardous waste generators, hazardous waste handlers, superfund sites, and toxic release sites; and (2) estimate a series of demand functions describing the relationship between the price of distance …
Neuroeconomics, Philosophy Of Mind, And Identity, John B. Davis
Neuroeconomics, Philosophy Of Mind, And Identity, John B. Davis
Economics Faculty Research and Publications
No abstract provided.
Identity And Commitment: Sen's Fourth Aspect Of The Self, John B. Davis
Identity And Commitment: Sen's Fourth Aspect Of The Self, John B. Davis
Economics Faculty Research and Publications
No abstract provided.
Effective Foreign Aid, Economic Integration And Subsidiarity: Lessons From Europe, Abdur Chowdhury, Paolo Garonna
Effective Foreign Aid, Economic Integration And Subsidiarity: Lessons From Europe, Abdur Chowdhury, Paolo Garonna
Economics Faculty Research and Publications
The paper shows that the question that is relevant for the debate on the efficacy of development assistance is not so much as an issue of how much, but rather for what. In view of the growing awareness of ODA’s inefficiency in achieving intended aims, this paper proposes an alternative approach to development assistance policies – economic integration and subsidiarity provides the conditions necessary for ODA to produce higher rates of economic growth on a sustainable basis. Europe is an excellent case in point, in this context. Europe has in the last decades experienced a number of success stories in …
The Nature Of Heterodox Economics, John B. Davis
The Nature Of Heterodox Economics, John B. Davis
Economics Faculty Research and Publications
No abstract provided.
Openness, The Sacrifice Ratio, And Inflation: Is There A Puzzle?, Joseph P. Daniels, David D. Vanhoose
Openness, The Sacrifice Ratio, And Inflation: Is There A Puzzle?, Joseph P. Daniels, David D. Vanhoose
Economics Faculty Research and Publications
The standard time-inconsistency-based explanation for the negative correlation between openness and inflation requires an inverse relationship between the sacrifice ratio and openness, but Daniels et al. (2005, Openness, central bank independence, and the sacrifice ratio. Journal of Money, Credit, and Banking 37 (2), 371–379.) have provided evidence that controlling for central bank independence reveals a positive relationship. This paper embeds the time-inconsistency approach within a model of a multisector, imperfectly competitive, open economy. In this setting, greater openness raises the sacrifice ratio but reduces the inflation bias. Thus, failure to observe an inverse relationship between openness and the sacrifice ratio …
Openness, Centralized Wage Bargaining, And Inflation, Joseph P. Daniels, Farrokh Nourzad, David D. Vanhoose
Openness, Centralized Wage Bargaining, And Inflation, Joseph P. Daniels, Farrokh Nourzad, David D. Vanhoose
Economics Faculty Research and Publications
This paper develops a model of an open economy containing both sectors in which wages are market-determined and sectors with wage-setting arrangements. A portion of the latter group of sectors coordinate their wages, taking into account that their collective actions influence the equilibrium inflation outcome in an environment in which the central bank engages in discretionary monetary policymaking. Key predictions forthcoming from this model are (1) increased centralization of wage setting initially causes inflation to increase at low degrees of wage centralization but then, as wage centralization increases, results in an inflation drop-off; (2) a greater degree of centralized wage …
Openness, Income-Tax Progressivity, And Inflation, Joseph P. Daniels, David D. Vanhoose
Openness, Income-Tax Progressivity, And Inflation, Joseph P. Daniels, David D. Vanhoose
Economics Faculty Research and Publications
This paper considers a model of an open economy in which the degree of income-tax progressivity influences the interaction among openness, central bank independence, and the inflation rate. Our model suggests that an increase in the progressivity of the tax system induces a smaller response in real output to a change in the price level. This implies that increased income-tax progressivity reduces the equilibrium inflation rate and that the effect of increased income-tax progressivity on inflation is smaller when the central bank places a higher weight on inflation or when there is greater openness. Examination of cross-country inflation data provides …
Social Identity Strategies In Recent Economics, John B. Davis
Social Identity Strategies In Recent Economics, John B. Davis
Economics Faculty Research and Publications
This paper reviews three distinct strategies in recent economics for using the concept of social identity in the explanation of individual behavior: Akerlof and Kranton's neoclassical approach, Sen's commitment approach and Kirman et al.'s complexity approach. The primary focus is the multiple selves problem and the difficulties associated with failing to explain social identity and personal identity together. The argument of the paper is that too narrow a scope for reflexivity in individual decision‐making renders the problem intractable, but that enlarging this scope makes it possible to explain personal and social identity together in connection with an individual behavior …
Review Of The Expansion Of Economics Edited By S. Grossbard-Schechtman And C. Clague, John B. Davis
Review Of The Expansion Of Economics Edited By S. Grossbard-Schechtman And C. Clague, John B. Davis
Economics Faculty Research and Publications
No abstract provided.
The Turn In Economics: Neoclassical Dominance To Mainstream Pluralism?, John B. Davis
The Turn In Economics: Neoclassical Dominance To Mainstream Pluralism?, John B. Davis
Economics Faculty Research and Publications
This paper investigates whether since the 1980s neoclassical economics has been in the process of being supplanted as the dominant research programme in economics by a collection of competing research approaches which share relatively little in common with each other or with neoclassical economics. A shortlist of the new approaches in recent economics includes game theory, experimental economics, behavioral economics, evolutionary economics, neuroeconomics, and non-linear complexity theory. Two hypotheses are advanced – one regarding the relation between economics instruction and economics research and one regarding the nature of the economics research frontier – to describe social-institutional practices that contribute to …
Evaluating The Long-Run Impacts Of The 9/11 Terrorist Attacks On Us Domestic Airline Travel, Scott S. Blunk, David E. Clark, James Mcgibany
Evaluating The Long-Run Impacts Of The 9/11 Terrorist Attacks On Us Domestic Airline Travel, Scott S. Blunk, David E. Clark, James Mcgibany
Economics Faculty Research and Publications
Although the US airline industry began 2001 with 24 consecutive profitable quarters, including net profits in 2000 totaling $7.9 billion, the impact of the 9/11 event on the industry was substantial. Whereas the recession that began in early 2001 signaled the end of profitability, the 9/11 terrorist attacks pushed the industry into financial crisis after air travel dropped 20% over the September–December 2001 period compared to the same period in 2000. Given the decline in domestic air travel, an important question is whether the detrimental impact of the attacks was temporary or permanent. That is, did airline travel return to …
Imprecise Precision: Rejoinder To Basbøll, John B. Davis, Matthias Klaes
Imprecise Precision: Rejoinder To Basbøll, John B. Davis, Matthias Klaes
Economics Faculty Research and Publications
No abstract provided.
Substitution Between Money And Near Monies In Switzerland, Subhash C. Sharma, Magda Kandil, Abdur Chowdhury, Tammy Parker
Substitution Between Money And Near Monies In Switzerland, Subhash C. Sharma, Magda Kandil, Abdur Chowdhury, Tammy Parker
Economics Faculty Research and Publications
This paper investigates the substitutability between money and near-money assets during the period 1976 to 1996 in Switzerland. Financial developments have made a variety of instruments available to store wealth and conduct economic transactions. These developments have generated a "near money" component in households' and businesses' portfolio balances. It is important to evaluate the effect of "near-money" on money demand and the effectiveness of monetary policy. Towards this goal, five monetary assets: currency and demand deposits at commercial banks, demand deposits with the postal system, deposits on transaction accounts with banks, savings deposits and time deposits are considered. We evaluate …
Keynes, John Maynard, John B. Davis
Keynes, John Maynard, John B. Davis
Economics Faculty Research and Publications
No abstract provided.
Where Economics And Philosophy Meet, Peter J. Boettke, Christopher J. Coyne, John B. Davis, Francesco Guala, Alain Marciano, Jochen Runde, Margaret Schabas
Where Economics And Philosophy Meet, Peter J. Boettke, Christopher J. Coyne, John B. Davis, Francesco Guala, Alain Marciano, Jochen Runde, Margaret Schabas
Economics Faculty Research and Publications
No abstract provided.
The Normative Significance Of The Individual In Economics, John B. Davis
The Normative Significance Of The Individual In Economics, John B. Davis
Economics Faculty Research and Publications
No abstract provided.